- Lexington Realty Trust press release ( NYSE: LXP ): Q3 FFO of $0.17 in-line.
- Revenue of $80.09M (-4.0% Y/Y) beats by $0.1M .
- Completed 0.3 million square feet of new leases and lease extensions, raising industrial Base and Cash Base Rents by 47.0% and 40.7%, respectively.
- Invested an aggregate of $70.6 million in six ongoing development projects.
- Completed construction of a 1.1 million square foot warehouse/distribution facility in the Columbus, Ohio market.
- Amended unsecured credit facility extending the maturity of the revolving credit portion to July 2026.
- Repurchased and retired 5.6 million common shares for an average price of $10.16 per share and increased repurchase authorization by 10.0 million common shares.
- Disposed of three properties for an aggregate gross sale price of $92.0 million
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Lexington Realty Trust FFO of $0.17 in-line, revenue of $80.09M beats by $0.1M